-- Shares of NEC Corp.
nipny
gained 115 yen, or 4.2 percent, to 2,845. NEC will beef up efforts to list group firms to increase the efficiency of overall operations, the Nihon Keizai daily reported.

The consumer electronics giant plans to list its wholly owned subsidiary, NEC Software Ltd. on the first section of the Tokyo Stock Exchange this fall. NEC Leasing Ltd., NEC Field Service Ltd. and some other firms are also gearing up to list in spring 2001 or later, according to the paper.

-- Shares of Sony Corp.
SNE, -0.02%
dropped 600 yen, or 4.5 percent, to 12,600. Shares faced strong selling as investors sold its holding to adjust its weighting in portfolio in Sony ahead of the company's two-for-one stock split.

-- Trend Micro
tmic
a leading manufacturer of anti-virus software, plunged 1,700 yen, or 10.1 percent to 15,200 yen after tumbling by its daily limit of 2,000 yen, or 10.6 percent on Monday.

Taiheiyo Cement's over-the-counter ADRs

-- Taiheiyo Cement Corp.
THYCY, +3.20%
climbed 5 yen, or 2.9 percent, to 178. The nation's leading cement maker will spin off two production operations next month, aiming to cut labor costs and output capacity by at least 50 percent, the Nihon Keizai daily reported. The restructuring is expected to cut annual fixed costs by more than 5 billion yen ($46.9 million).

-- Shares of Toyota Motor Co.
TM, -1.77%
was unchanged at 5,260 yen, after touching its record of 5,330 on the day before. German auto maker DaimlerChrysler AG
dcx
and Mitsubishi Motors Corp. announced a capital and business alliance Monday, which would create the world's third-largest auto manufacturer -- surpassing Toyota and Volkswagen AG. See full story.

-- Shares of Nippon Telegraph and Telephone Corp
NTT, -4.33%
jumped 5.8 percent to 1.63 million yen, up 90,000. NTT's long-distance phone operating unit, NTT Communications Corp. will cut charges for out-of-town and international telephone calls -- making charges comparable with those of DDI Corp and other new common carriers, the Kyodo news agency reported Monday. The cut is the first since the company's establishment last July, according to Kyodo.

The worldwide semiconductor market marked record results in 1999 with revenue totaling $168.6 billion, up 21.6 percent from the year earlier, boosted by 46 percent leap of DRAM chips, a study conducted by a U.S. research firm Dataguest Inc. showed.

-- Shares of Mosel Vitelic Corp
mosly
a DRAM chip maker, rose 1.3 percent to 80.5 Taiwan dollars, up 1.00. Shares gained on the new from the United States that the company had settled a 1998 patent dispute with Micron Technology Inc
MU, +2.53%
with a potential $100 million in royalties at stake, Reuters reported.

-- In Sydney, shares of Coles Myer Ltd.
CM, -0.29%
was standing at 6.80 Australian dollars, unchanged from Monday's closing. The nation's biggest retailer said it had set up a new e-commerce unit, but forecast profits would not be reaped for at least two years.

-- Shares of Qantas Airways Ltd.
qubsy
were unchanged at 3.70 Australian dollars a day after the nation's flagship carrier said that it was interested in buying investment firm Brierley Investments Ltd.'s
byiny
47-percent stake in Air New Zealand, challenging a rival bid by Singapore Airlines Ltd. Brierley, however, said that it had withdrawn its stake from sale while Air NZ completed its acquisition of Quantas rival Ansett Airlines.

Car, oil news dominates European stocks

Auto makers were active in Europe on Monday, with the announcement of a couple of deals. Otherwise, European shares were mostly flat with a big chunk of the market watching out for the results of an OPEC meeting in Vienna.

-- Shares of DaimlerChrylser AG
dcx
gave up earlier gains of around 1.7 percent, to close down 0.20 euro to 70 euros, on volume of 420,532. The U.S.-German carmaker said Monday that it's acquiring a 34 percent stake in Japan's Mitsubishi Motor Corp. through an capital increase valued at 2.1 billion euros ($1.96 billion), or 450 yen ($4.21) per share.

Techs turn mixed

-- Staying in Germany, shares of Deutsche Telekom AG
dt
finished just 0.20 euro weaker at 87.30 euros, on volume of 189,239, reversing earlier gains of 2.4 percent. The telecom company announced Monday that it's acquired a majority stake in a DaimlerChysler IT division, Systemhaus. See full story.

-- Back in London, shares of Eidos PLC
eidsy
gained 11 pence, or 3 percent, to 386 pence, as 6.9 million shares traded hands. Eidos was bouncing back after investors dumped its shares Friday on back of a profit warning, the company's second one in three months. See full story.

-- Another tech gainer was Baltimore Technologies PLC
balt
which gained 699 pence, or 7.8 percent, to 9,684 pence, on volume of 609,937.

-- On the Net side, shares of ISP Freeserve PLC
FREE, -15.38%
were still moving higher following Friday's big gain. Shares gained 25 pence, or 4.8 percent, to 537 pence, on volume of 2.2 million. On Monday, Freeserve announced it's creating a small business portal with Barclays Bank PLC
BCS, -1.32%

Friday Freeserve denied speculation that it could be taken over by Dutch ISP World Online, but news of possible consolidation in the sector still boosted shares. See related story.

Oil stocks finished the day weaker as markets spent much of the session awaiting ahead of the outcome of the OPEC meeting in Vienna, Austria. At last count, ministers were divided on boosting output, with OPEC members Iran and Libya withholding their support from a proposal to raise production by 1.5 million to1.7 million barrels a day. See full story.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.